May 8, 2019
Global air freight volumes remain sluggish in March
The International Air Transport Association (IATA) announced that demand in global air freight markets increased 0.1% in March 2019, compared to the same period in 2018.
IATA says demand for air cargo continues to face significant headwinds. Global trade volumes have fallen by 1% over the past year, global economic activity and consumer confidence continue to weaken and the export order component of the global manufacturers Purchasing Managers Index (PMI) has indicated falling global export orders since September 2018.
Airlines in all regions reported year-on-year demand growth in March 2019, except Asia-Pacific which contracted.
European airlines and Latin American airlines each posted a 3.6% increase in freight demand, while Asia-Pacific airlines saw demand for air freight shrink by 3.4%.
"Year-on-year demand for air freight edged back into positive territory in March with 0.1% growth. After four consecutive months of contraction, this is an encouraging development. But the headwinds from weakening global trade, growing trade tensions and shrinking order books have not gone away," said Alexandre de Juniac, IATA's Director General and CEO.